Barnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
That's what 12 jurors in a Manhattan courtroom will have to decide on Thursday when deliberations begin on the seven federal charges against Sam Bankman-Fried, the 31-year-old FTX co-founder accused by the government of orchestrating and forcing his underlings to carry out one of the largest financial frauds in U.S. history.
Defense attorneys countered that Bankman-Fried was young and in over his head and caught up in the fast-paced and largely unregulated world of cryptocurrency. While admitting mistakes were made, they said he acted"in good faith" and shouldn't be held accountable. The defense has argued it isn't a crime"to be the CEO of a company that needs to fold for bankruptcy."
Many of the key players in the alleged con have testified for the prosecution against Bankman-Fried, including his ex-girlfriend, Caroline Ellison, the former CEO of Alameda Research, as well as FTX co-founders Gary Wang and Nishad Singh. All three testified that Bankman-Fried knew for months that his out-of-control spending sprees were unsustainable and made possible by money siphoned from FTX customer accounts.
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